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  • Writer's pictureMike Paterson

Greenback grabbing continues

Thursday 14 February 2019

It's been a decent 24 hours for the US Dollar as it once again earns itself the "best of a bad bunch" title again, for the time being at least. Brexit shambles still stealing a lot of the headlines as yet another parliamentary debate/vote concludes today.

GBPUSD has now broken down through the decent line at 1.2830 to post one-month lows of 1.2813 having held again earlier only to fail at 1.2880. EURGBP has still been tightly bound with GBP and EUR still moving in tandem by and large.I remain GBP bearish overall and continue to rally-sell.No change as far as I'm concerned right now. Being an old romantic at heart I am busy this evening but will try and provide some sort of update after the Brexit vote.

EURUSD has found dip demand at the decent 1.1250 level that I've been highlighting but still looks soggy. USDJPY continues to look underpinned on the general USD demand and has now posted fresh highs of 111.13 but jury out still on risk sentiment.

USDCHF also remains underpinned but still struggling to break up through those 1.0100 offers/res and some EURCHF supply again.AUDUSD continues to look soggy overall with rally sellers poised but support at 0.7080 still. USDCAD is ranging still but underpinned by the general USD demand.

Fickle Forex markets ever prevailing so be ready with your entry/exit levels and orders as always.

I wish you good trading.Let's continue to be careful out there and don't get greedy.

Have a good day one and all.

Interbank Rate 08.32 GMT

GBPUSD   1.2823

EURUSD   1.1256

EURGBP   0.8777

GBPEUR   1.1394

GBPAUD   1.8048

GBPCAD   1.7000

GBPHKD   9.9417

GBPZAR   18.1383

USDJPY   111.06

EURJPY   125.03

GBPJPY   142.41

AUDUSD   0.7106

USDZAR   14.1387

EURCHF   1.1359

USDCAD   1.3257

USDCHF   1.0090

EURHKD   8.7223

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